Tesla Shares Jump 3.2% on 406K Q2 Delivery Forecast and 16GW Energy Deal
TSLA•Cowen & Co. maintained its Buy rating while Tesla shares climbed 3.2% on expectations of roughly 406,000 Q2 vehicle deliveries, up from 384,122 a year ago. The electric-vehicle maker also secured a 16 GW energy deal, bolstering its $1.47 trillion market valuation.
1. Cowen & Co. Buy Rating Maintained
On June 29, Cowen & Co. upheld its Buy rating for Tesla based on an optimistic demand outlook, as shares climbed 3.2% in response to upcoming delivery forecasts.
2. Q2 Delivery Forecast Signals Demand Recovery
Analysts project around 406,000 vehicle deliveries for Q2, up from 384,122 a year earlier, following Q1’s 6.3% year-over-year growth, though production outpaced deliveries by 50,000 units.
3. 16 GW Energy Partnership Boosts Market Value
The company entered a 16 GW energy partnership, reinforcing its energy business and contributing to a market capitalization near $1.47 trillion.
